Teacher Retirement System of Texas Sells 1,339 Shares of Champion Homes, Inc. $SKY

Teacher Retirement System of Texas trimmed its position in shares of Champion Homes, Inc. (NYSE:SKY) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,811 shares of the company’s stock after selling 1,339 shares during the quarter. Teacher Retirement System of Texas’ holdings in Champion Homes were worth $1,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in Champion Homes by 10,171.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 719 shares of the company’s stock worth $45,000 after buying an additional 712 shares during the period. Byrne Asset Management LLC acquired a new position in Champion Homes in the second quarter valued at about $48,000. AlphaQuest LLC increased its holdings in shares of Champion Homes by 1,231.3% in the first quarter. AlphaQuest LLC now owns 852 shares of the company’s stock worth $81,000 after acquiring an additional 788 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Champion Homes by 49.8% in the second quarter. Blue Trust Inc. now owns 900 shares of the company’s stock worth $56,000 after acquiring an additional 299 shares in the last quarter. Finally, Bosun Asset Management LLC acquired a new stake in shares of Champion Homes during the first quarter worth about $208,000.

Insider Buying and Selling at Champion Homes

In related news, EVP Joseph A. Kimmell sold 1,000 shares of Champion Homes stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $65.24, for a total value of $65,240.00. Following the sale, the executive vice president owned 43,568 shares of the company’s stock, valued at approximately $2,842,376.32. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Champion Homes Price Performance

NYSE SKY opened at $81.13 on Friday. The firm’s 50 day moving average is $73.39 and its 200-day moving average is $72.62. The company has a quick ratio of 1.59, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.59 billion, a PE ratio of 21.58 and a beta of 1.14. Champion Homes, Inc. has a 12-month low of $59.44 and a 12-month high of $116.49.

Champion Homes (NYSE:SKY) last announced its earnings results on Tuesday, November 4th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.81 by $0.20. Champion Homes had a net margin of 8.50% and a return on equity of 14.35%. The business had revenue of $684.43 million during the quarter, compared to analysts’ expectations of $636.96 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Champion Homes, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on SKY. Barclays boosted their price objective on Champion Homes from $74.00 to $79.00 and gave the company an “equal weight” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Champion Homes in a report on Wednesday, October 8th. Zacks Research upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada raised shares of Champion Homes from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $85.00 to $91.00 in a research report on Thursday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.00.

Champion Homes Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.